Monday, March 10, 2008

Your Vision Determines Your Income

Wayne Gretzky was once asked what made him a great hockey player. He simply stated that instead of going to where the puck was, he went to where the puck would soon be. It goes without saying that we will soon be at the place that we spend the most amount of time focusing on in our minds. Where is it that your mind is focused?

I spend a great deal of time with my clients focused on the future. Where is it that they want to be in the next 6 - 12 months, and even longer, say 10 - 20 years? It is not until a vision is determined that we can work on developing a plan to arrive in that place.

What is your vision? Are you focused solely on tomorrow, or are you focused on some point in the future. While today and tomorrow cannot be neglected, you must focus on where you would like to be in the future. If you have no vision you will likely be exactly where you are today. If you earn $45,000 per year as an assistant and have no vision you will probably be making within 5 – 10% of your current income in the same job in 10 years.

It also goes without saying that if you have a vision for the future that includes the launch of your own business with an income of 4 – 5 times what you currently earn, then you probably will be making more than your current salary at that point. While you may not be at 5 times as much, won’t it be worth it to be doing something you actually enjoy while earning more money at the same time?

Determine today why you are trying to become debt-free or saving an emergency or retirement fund. Your motivation to reach your goals will be much higher when you know the reason you are doing it.

“Where there is no vision, the people perish.”
- Proverbs 29:18